The Kremlin, commenting on the dismissed Ukrainian defense minister, said Ukraine appears to be slowly losing the war.

By 23:00 local close, China’s domestic futures main contracts were broadly lower: low-sulfur fuel oil (LU) and fuel oil down >5%, synthetic rubber down >4%, ethylene glycol (EG) down ~4%, paraxylene down ~3%, PTA, coke and styrene (EB) down >2%; rapeseed meal up >1%.

UAE presidential adviser Anwar Gargash said Iran's attacks on Arab Gulf states have weakened Tehran, deepened its isolation and amounted to a "serious miscalculation" that will not achieve its objectives. He said the US‑Iran confrontation has entered a new phase marked by escalating economic pressure, an end to attempts to control the Strait of Hormuz and the close of the memorandum-of-understanding phase. Gargash urged Tehran to cooperate with neighboring states to de‑escalate and seek a political end to the war rather than continue attacks on Arab Gulf states.